Pelosi says House will review bill to delist Chinese companies over audits

Under the Senate legislation, if a company can’t show that it is not under control of a foreign government, or the PCAOB isn’t able to audit the company for three consecutive years to determine that is the case, the company’s securities would be banned from the exchanges. Original Article Posted at : https://www.accountingtoday.com/articles/pelosi-says-house-will-review-bill-to-delist-chinese-companies-over-audits

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ICMA releases first 2020 CMA exam results

The Institute of Certified Management Accountants also announced a change in the testing window schedule for 2020, due to COVID-19. Original Article Posted at : https://www.accountingtoday.com/news/icma-releases-first-2020-cma-exam-results

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Senate approves bill to require Chinese companies to give PCAOB access to audits

The Senate overwhelmingly approved legislation Wednesday that could lead to Chinese companies such as Alibaba Group Holding Ltd. and Baidu Inc. being barred from listing on U.S. stock exchanges amid increasingly tense relations between the world’s two largest economies. Original Article Posted at : https://www.accountingtoday.com/articles/senate-approves-bill-to-require-chinese-companies-to-give-pcaob-access-to-audits

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Tax Relief for Families in Europe

Most countries provide tax relief to families with children—typically through targeted tax breaks that lower income taxes. While all European OECD countries provide tax relief for families, its extent varies substantially across countries. One way to measure targeted tax relief for families is to compare the tax burdens on labor of a family with one…

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